Regulatory Alerts2020-01-01
Guidelines for the Regulatory Oversight of Credit Rating Agencies
The Financial Services Commission issued guidelines establishing a regulatory framework for the recognition and oversight of credit rating agencies to preserve financial market integrity. The document mandates an initial assessment of organizational structure, independence, and resources, followed by periodic reviews focusing on rating quality, conflict management, and transparency. It further requires agencies to disclose detailed methodologies, fee structures, and historical performance data while adhering to strict confidentiality and ethical standards.
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